There is also a chance that the move is related to exchange activity, such as updates to internal wallets or system changes. In the past, large DOGE transfers like this were connected to platforms like Robinhood and .
The large transfer came at a time when traders were already nervous. The US Federal Reserve recently cut rates by 25 basis points, but the cautious comments from Chair Jerome Powell reduced market optimism. The crypto market’s weakness, coupled with this, might have been the reason for some whales to shift their assets.
